After petrol became cheaper in the international market, the price of petrol in the country decreased and the rupee became stable. Although there is a trend of reduction in food prices in the country, the multinational companies selling packaged goods are not ready to give relief to the public, due to which the prices of packaged goods remain as they are.
On the other hand, the price of sugar, flour, ghee oil, sugar, pulses and rice at the wholesale level started decreasing on a daily basis but the trend of profiteering at the retail level is still maintained.
According to media reports the prices of food items are decreasing rapidly due to the decrease in the prices of petroleum products, the gratitude of the rupee and the crackdown by institutions against illegal stock holders of goods.
The administrative measures need to be tightened so that the inflationary pressures are reduced.
This week, the wholesale price of sugar at the national level has reached the level of Rs.128, the ex-mill price of sugar has reached Rs.124, while the price of imported wheat has increased to Rs.95 per kg. However, flour is being sold at a high price.
Flour mills are selling two and a half number flour at Rs 131 and fine flour at Rs 144. With the coming of the new crop, the price of rice is also decreasing significantly and there is a trend of continuous decrease in the wholesale prices of rice. Depending on the price of imported wheat, flour should not be sold more than 110 rupees per kg but so far the local administration has not been able to control the price of flour.
While the prices of food items are also decreasing at the retail level but most of the shopkeepers are selling the items at high prices justifying the old stocks.
The wholesale prices of rice flour, pulses and sugar have decreased in different cities. According to the open market rates the price of vegetable ghee has also decreased by 40 to 50 rupees. Sugar has become cheaper by 5 rupees but it is still being sold at 135 rupees per kg at the retail level.
The price of rice kernel basmati and silah decreased by Rs 70 per kg, the wholesale price of rice kernel basmati and silah became Rs 250 per kg, however at the retail level it is still being sold at Rs 300 per kg.
The price of white gram up to Rs.50 per kg, the price of white gram has increased to Rs325 per kg while the retail price is being charged from Rs.350 to Rs 380. The prices of milk biscuits, soaps, detergents and other packaged goods are not being reduced which requires the attention of the government and related institutions.
It should be remembered that the caretaker government has decided to crack down on the black marketing of dollars and hoarders to control the artificial inflation from the country. So as to take strict action against those elements who extract unfair profits from the people, resulting in inflation and its fruits can be transferred to the people.
In spite of low prices of petroleum and dollar the transporters and hoarders in most areas of the country have maintained inflation on the citizens against which strict action needs to be taken.
For this purpose, along with organizing the transport authorities across the country meetings of price review committees should be convened so that the prices of food items and packaged goods can be determined and after that the local district administration should take action against those who violate these prices.
It is hoped that the federal and provincial governments across the country will take steps very soon to coordinate the prices of local goods with the rise and fall in the prices of the dollar and petroleum in the international market.
If the caretaker government succeeds in doing that, it will surely change the opinion of the people about Prime Minister Anwar-ul- Haq Kakar and his team.